How to get out of debt (1) - PowerPoint PPT Presentation

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How to get out of debt (1)

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Title: How to get out of debt (1)


1
How to Get Out of Debt?
2
  • When you are overwhelmed and consumed with worry
    about debt, you need answers. Remember, a
    solution lies in an answer.

3
Debt Relief and Solutions
  • Many people dream of financial freedom. If
    you are in the middle of debt problems, then
    finding a debt relief solution can help you get
    through your crisis. However, not every solution
    can be taken as the right answer to bring you out
    of your debt trap.
  • To get a debt solution, you need to know
    the appropriate ways to achieve it. Although some
    things may seem too obvious, and this would help
    you understand that the simple and basic things
    of debt solutions are right under your nose.

4
Bankruptcy Counseling
  • Bankruptcy must be considered with complete
    awareness of all its consequences. It is a
    life-altering decision and must be given sheer
    thought before opting for it. Moreover, it has a
    complicated process and in order to achieve
    complete awareness of what bankruptcy entails, it
    is more than recommended to go for counseling
    regarding bankruptcy.

5
Credit Relief Program
  • You have stacked up an enormous debt on your
    credit cards and you desperately need credit card
    debt relief. So you need to do something to get
    yourself out of this situation. On the other
    hand, the rising living costs are not helping
    either and if you have no other way of increasing
    your income, possibly it means you are stuck with
    your debt problems until you take a firm step to
    do something about it.

6
Debt Management Plan
  • A Debt Management Plan is a structured
    repayment plan set up by a designated third
    party, assisting a debtor with his/her debt
    repayment. The primary aim of debt management is
    to help clear the outstanding debts at a reduced
    level over a fixed period of time so that the
    debtors can avail the opportunity to start fresh
    on their financial terms.
  • This plan is also beneficial for those
    who are stuck in debt with their creditor (The
    creditor is a company wherein the person owed
    money). This is done after all the payments for
    the necessary things such as utility bills,
    mortgage, etc. have been settled. The money left
    is then equally distributed to the creditor every
    month respectively.

7
Debt Relief Strategies
  • You are not the only one who wants to get
    quick and fast relief from the number of your
    accumulated liabilities. Many other people are
    also suffering from the same agony and pain of
    bad debts. The rise in the unemployment and
    inflation level has really disturbed the
    financial positions of the customers.
  • People are bound to use credit cards as
    their limited income is not enough for them to
    meet up their ends easily. The use of credit card
    is good as long as a person is submitting the
    installment on regular intervals, but if the
    person gets unable to manage any payment, then
    the amount of gathering liabilities easily gets
    double.
  • These days, many debt relief strategies
    are available in the market. With the help of
    these strategies, a person can manage the debts
    in a proper and accurate way. People tend to get
    confused when it comes to selecting the best one
    out of these strategies

8
THANK YOU
Any questions? You can Find me at
https//www.debtacademy.com/
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